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MarketScreener Homepage  >  Equities  >  Nyse  >  Mosaic Co    MOS

MOSAIC CO

(MOS)
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Mosaic : to Close Idled Florida Phosphates Facility

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06/18/2019 | 07:34am EDT

By Michael Dabaie

Mosaic Co. (MOS) said it will close its idled Plant City phosphates manufacturing facility in Florida.

The maker of phosphate and potash crop nutrients said that during the second quarter it expects to recognize a notable non-cash charge of up to $390 million for the permanent closure of the facility. Annual cash payments to manage the closure over the next five years are expected to be similar to payments incurred while the plant was idle in 2018, Mosaic said.

Mosaic said it would seek to mitigate a portion of closure costs by evaluating innovative approaches to water management and repurposing part of the facility for productive use.

The small team of Mosaic employees currently responsible for care and maintenance activities will remain on site to manage closure and compliance responsibilities over the next several years, the company said.

Write to Michael Dabaie at michael.dabaie@wsj.com

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Financials (USD)
Sales 2019 9 794 M
EBIT 2019 1 002 M
Net income 2019 631 M
Debt 2019 3 642 M
Yield 2019 0,87%
P/E ratio 2019 14,1x
P/E ratio 2020 9,65x
EV / Sales2019 1,33x
EV / Sales2020 1,24x
Capitalization 9 344 M
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Technical analysis trends MOSAIC CO
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Mean consensus OUTPERFORM
Number of Analysts 22
Average target price 31,41  $
Last Close Price 24,22  $
Spread / Highest target 85,8%
Spread / Average Target 29,7%
Spread / Lowest Target 3,22%
EPS Revisions
Managers
NameTitle
James Calvin O'Rourke President, Chief Executive Officer & Director
Gregory Lorne Ebel Chairman
Clint C. Freeland Chief Financial Officer & Senior Vice President
Bob L. Lumpkins Director
Emery N. Koenig Independent Director
Sector and Competitors
1st jan.Capitalization (M$)
MOSAIC CO-17.08%9 344
YARA INTERNATIONAL24.32%13 179
CF INDUSTRIES HOLDINGS INC.8.39%10 426
SAUDI ARABIA FERTILIZERS CO.--.--%9 998
QINGHAI SALT LAKE POTASH COMPANY LIMITED--.--%2 718
LUXI CHEMICAL GROUP CO LTD--.--%2 285